Pfizer, the world's largest R&D-based drugmaker by sales, says that the number of drugs in its development pipeline has fallen 12% from six months ago, as the US firm focuses on "high-priority" areas.
As part of its emphasis on more profitable diseases, 26 programs were discontinued in the space of six months, 15 as a result of strategic decisions made last year and 11 due to clinical attrition.
The New York-based company has initiated 12 Phase III clinical programs since March 2008, achieving its goal of advancing between 10 and 12 New Molecular Entities and new indications into late-stage development by March this year.
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